Ebix

Publicly traded Ebix is the parent of Indian fintech company EbixCash, which facilitates payments, foreign exchange and prepaid gift cards.

Take into account transaction fee, conversion fee, and exchange-rate mark-up when comparing players' costs

'Under this agreement, BSE Ebix will offer their clients insurance products offered by LIC such as Life and Health, using its omni-channel digital presence'

Demands substantial damages due to alleged breach of agreement

Online travel firm Yatra Online Inc said it was seeking damages against Ebix for breaching terms of their merger agreement

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'I have a 26 per cent stake in the parent company, Ebix Inc. The new agreement says I will get to keep this irrespective of whether I stay on, get fired, or leave,' says Robin Raina

The JV will make use of the reach of both BSE and EbixCash, which spans over 300,000 outlets across the country

The company said it has signed a deal with Cox & Kings to transfer it's business travel agreements with corporates in India with EbixCash's Mercury Travel division

Routier is pioneering a cloud-based technology to change the way people move and receive inland goods in India

Ebix continues to keep its eyes open for more companies to buy, to further its hold over the Indian market

Will Ebix be able to compete with Byju with investors such as Sequoia, the Chan Zukerberg Foundation and China's Tencent?

Ebix, an IT services vendor to the financial sector, today said it will acquire the money transfer business of BSE-listed Transcorp International for USD 7.4 million or Rs 46 crore in an all-cash deal. This will be the Noida-headquartered company's fourth remittances-related acquisition in the last five months and will increase its share in the inward international remittance market to up to 80 per cent, it said in a statement. The acquisition is being done through one of its Indian subsidiaries present in the domestic remittance market, Ebixcash, it said, adding that it is subject to regulatory approvals which should take about two months. Ebix has entered into an agreement to acquire the Money Transfer Service Scheme (MTSS) business of the BSE-listed Transcorp International. Ebixcash's chief growth officer, Bhavik Vasa, said, "Post announcing our USD 200 million growth fund for India, this is our fifth M&A deal, solidifying our leadership position across digital ...